Gujarat State Fertilizers & Chemicals Ltd. reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, income from operation was INR 11,503.1 million against INR 16,444.1 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 513.7 million against INR 1,511.0 million a year ago. Profit from ordinary activities before tax was INR 502.4 million against INR 1,558.6 million a year ago. Net profit was INR 611.7 million or INR 1.54 per basic and diluted share against INR 1,036.6 million or INR 2.60 per basic and diluted share a year ago. For the nine months, income from operation was INR 38,702.3 million against INR 45,739.2 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 2,925.5 million against INR 4,638.8 million a year ago. Profit from ordinary activities before tax was INR 2,884.6 million against INR 4,968.4 million a year ago. Net profit was INR 2,324.8 million or INR 5.83 per basic and diluted share against INR 3,467.4 million or INR 8.70 per basic and diluted share a year ago.